Wal-Mart Appoints Exec to Explore Emerging Markets
In another sign that its plans for global growth won’t slow anytime soon, Wal-Mart Stores, Inc. said yesterday it has appointed Stephan Fanderl as president of Wal-Mart Emerging Markets - East. In this role, Fanderl will lead the company's efforts to explore retail business opportunities in Russia and neighboring markets.
Fanderl comes to Wal-Mart from the Rewe Group, a prominent German retailer and travel company. In 2006 he was appointed a board member and head of hypermarkets and supermarkets for Rewe Germany with gross revenues of 13 billion euros.
Fanderl successfully developed Rewe's business in Germany and eight Eastern European countries, said Mike Duke, Wal-Mart’s vice chairman, in a statement.
Prior to Rewe, Fanderl held roles with Metro Holding AG in Germany and Poland, and Kienbaum Consultants International GmbH. He earned his PhD and MBA at the University of Cologne, and completed additional studies at Sophia University in Tokyo.
In addition to its U.S. portfolio, Wal-Mart now operates stores in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom.
Fanderl comes to Wal-Mart from the Rewe Group, a prominent German retailer and travel company. In 2006 he was appointed a board member and head of hypermarkets and supermarkets for Rewe Germany with gross revenues of 13 billion euros.
Fanderl successfully developed Rewe's business in Germany and eight Eastern European countries, said Mike Duke, Wal-Mart’s vice chairman, in a statement.
Prior to Rewe, Fanderl held roles with Metro Holding AG in Germany and Poland, and Kienbaum Consultants International GmbH. He earned his PhD and MBA at the University of Cologne, and completed additional studies at Sophia University in Tokyo.
In addition to its U.S. portfolio, Wal-Mart now operates stores in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom.